ITV plc (OTCMKTS:ITVPY) Sees Significant Increase in Short Interest

ITV plc (OTCMKTS:ITVPY - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a growth of 200.0% from the February 28th total of 100 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

ITV Stock Down 1.1 %

Shares of OTCMKTS:ITVPY traded down $0.11 during midday trading on Monday, reaching $10.18. 2,207 shares of the company traded hands, compared to its average volume of 2,900. The firm's fifty day moving average price is $9.51 and its two-hundred day moving average price is $9.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.55. ITV has a 12 month low of $7.76 and a 12 month high of $11.02.

ITV Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, April 11th will be paid a $0.4265 dividend. The ex-dividend date is Friday, April 11th. This is a boost from ITV's previous dividend of $0.18.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of ITV to a "hold" rating in a research note on Tuesday, March 25th.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.